When the phone rings constantly with calls from bill collectors and the mailbox overflows with past due notices, most people feel overwhelmed. For many in this situation, there is no viable way to pay these bills and get out of debt. Fortunately, there is a solution that can allow the debt to be discharged and the debtor to have a fresh start; start, free from the overwhelming burden of debt that they’ve been facing for so long. By speaking to a chapter 7 bankruptcy lawyer in Berwyn, IL, the attorney will determine if the individual qualifies for bankruptcy protection. A chapter 7 bankruptcy will allow the debt to be fully discharged if the debtor meets certain criteria and qualifications.
A bankruptcy attorney will help to determine if chapter 7 is the right type of bankruptcy for an individual seeking protection. If not, don’t worry, as there are other bankruptcy options available to give relief. To qualify for chapter 7, the debtor may not have any real assets of value. Any vehicles must be under a certain dollar limit, and no large financial portfolios or investment property can be held.
If the debtor qualifies for this type of bankruptcy, the will file the required court documents to start the process. Allowing an attorney to handle the maze of confusing legal paperwork and the many filings that are required is always recommended to avoid delays or denials. A brief court hearing will be required for the debtor, with his or her attorney, to finalize the agreement. At that point, after the hearing, all debts included in the bankruptcy will be approved for discharge, and the individual will be able to begin a fresh start with zero debt.
A bankruptcy website, such as , can help those struggling with debt identify their options. Those considering bankruptcy can learn more about the various types of filings along with other information that will allow the debtor to understand the process of bankruptcy more fully. With the help of a qualified attorney, the individual can begin a fresh start instead of drowning in a sea of debt with no way out.
